MISMO Publishes Updated Charge and Fee Naming Guide

September 16, 2025

MISMO recently published an update to its Consumer-Facing Charge and Fee Naming Guide.

This work enables lenders to:

  • Improve Fee Transparency: By replacing vague “other” fee labels with specific, standardized names, lenders can present clearer, more consumer-friendly disclosures on Loan Estimates and Closing Disclosures.
  • Ensure Data Accuracy and Consistency: Standardized fee terminology supports accurate data transmission to GSEs and aggregators, aligning with delivery requirements and reducing the risk of compliance issues.
  • Reduce Operational Costs: Uniform fee naming conventions streamline system integrations and data workflows, minimizing manual interventions and promoting end-to-end data cleanliness.
  • Advance Secondary Market Alignment: By moving toward standardized data practices, lenders demonstrate progress in meeting expectations from Fannie Mae and Freddie Mac, reinforcing trust and reliability in the secondary market.


Contact ALTA at 202-296-3671 or [email protected].